Archive for the 'Economy' Category
Another Round of Fed Bond Buying Is ‘An Option That’s Certainly On the Table’
January 26th, 2012Via: Bloomberg: Chairman Ben S. Bernanke said the Federal Reserve is considering additional asset purchases to boost growth after extending its pledge to keep interest rates low through at least late 2014. Policy makers are “prepared to provide further monetary accommodation if employment is not making sufficient progress towards our assessment of its maximum level, […]
Six Million People Are Under Correctional Supervision in the U.S.—More Than Were in Stalin’s Gulags
January 25th, 2012Via: New Yorker: For a great many poor people in America, particularly poor black men, prison is a destination that braids through an ordinary life, much as high school and college do for rich white ones. More than half of all black men without a high-school diploma go to prison at some time in their […]
Google Admits It Will Track Everything Its Users Do, No Opt Out
January 25th, 2012In other words, Google now admits doing things that Cryptogon readers have known it has been doing for about a decade: Tracking everything. Via: Washington Post: Google said Tuesday it will follow the activities of users across e-mail, search, YouTube and other services, a shift in strategy that is expected to invite greater scrutiny of […]
Foxconn Apologizes for CEO Referring to Workers as ‘Animals’
January 24th, 2012Via: AFP: Taiwan technology giant Foxconn has apologised over comments by chief Terry Gou allegedly comparing workers to animals, according to a report. Gou drew criticism on online news forums and discussion sites after he was quoted by Taiwanese media as saying “I have a headache how to manage one million animals” at the company’s […]
Top 100 U.S. Zip Codes Hit Hardest by Foreclosures
January 23rd, 2012Via: CNN: The housing collapse has dramatically changed the nation’s foreclosure landscape. Neighborhoods boasting modern homes, cul-de-sacs and tree-lined streets in and around Western cities now dominate the list of the top 100 U.S. zip codes hit hardest by foreclosures and claim and comprise all of the top 10 spots, according to data generated for […]
EU Will Impose Oil Embargo on Iran
January 23rd, 2012Via: Guardian: The long-running standoff between Iran and the west over Tehran’s nuclear programme has shifted into a more unpredictable phase after Europe decided to impose an oil embargo on the Islamic republic. The decision by EU foreign ministers at a meeting in Brussels raised the stakes dramatically in the war of wits between Iran […]
The Age of Transitions
January 23rd, 2012Via: The Age of Transitions:
Is There a Single U.S. Mainstream News Story About the Mass Burial of 30 People Outside Chicago Last Wednesday?
January 23rd, 2012Unfortunately, the source of this story is the Daily Mail. What’s worse is that I’m not able to find any other source that doesn’t reference the Daily Mail piece. It says that the mass burial took place on Wednesday (January 18, 2011). This is not a new practice. I found this, from last year: After […]
Alaska: Man Accused of Illegally Trading Moose Meat for Firewood
January 23rd, 2012Via: News Miner: The Fairbanks man who is accused of illegally trading moose meat for firewood is taking his case to court. Chad Gerondale, 41, has hired well-known Fairbanks attorney Bill Satterberg to represent him in the “meat for heat” case, as it has been dubbed by online spectators. “I’ve got a lot to say […]
Why High Tech Manufacturing Jobs Aren’t Coming Back to the U.S.
January 22nd, 2012Via: New York Times: Apple executives say that going overseas, at this point, is their only option. One former executive described how the company relied upon a Chinese factory to revamp iPhone manufacturing just weeks before the device was due on shelves. Apple had redesigned the iPhone’s screen at the last minute, forcing an assembly […]
